Looking Into Vulcan Materials's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Vulcan Materials (NYSE:VMC) has seen an increase in short interest, now at 1.82 million shares or 1.54% of float, higher than its last report. This represents a 3.36% rise and takes approximately 2.78 days to cover based on trading volume. Short interest is a key indicator of market sentiment, and an increase suggests a more bearish outlook by investors. Vulcan's short interest is above its peer group average of 1.15%, indicating more bearish sentiment compared to its peers.
February 06, 2024 | 6:15 pm
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Vulcan Materials has experienced an increase in short interest, suggesting a bearish sentiment among investors. This could lead to increased volatility in the short term.
The increase in short interest for Vulcan Materials indicates a more bearish outlook from investors, potentially leading to short-term price pressure. Given the higher short interest compared to its peers, this could result in increased volatility and downward pressure on the stock price in the short term.
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